Trillion Dollar Deficits May Last for Rest of Our Lives, Says Collender

The video discusses the impact of recent tax cut legislation and the resulting deficit changes in the U.S. It highlights the shift in fiscal policy, with trillion-dollar deficits projected to continue. The discussion covers the potential economic implications, including the role of the bond market and interest rates. It also addresses the challenges in reducing the deficit, given constraints on tax and defense spending, and the limited options available without affecting Medicare and Social Security.

What is indicated about tax increases or cuts in the current administration?

Where might reductions in the deficit come from, according to the discussion?